Continental AG Annual Results News Conference

Bloomberg

Elmar Degenhart, chief executive officer of Continental AG, poses for a photograph ahead of a news conference to announce earnings in Frankfurt, Germany, on Thursday, March 7, 2013. Continental AG, Europe's second-largest maker of auto parts, stuck with its 2013 forecasts even as the region's auto market declines in the first quarter more than industry executives had anticipated. Photographer: Ralph Orlowski/Bloomberg via Getty Images

Elmar Degenhart, chief executive officer of Continental AG, poses for a photograph ahead of a news conference to announce earnings in Frankfurt, Germany, on Thursday, March 7, 2013. Continental AG, Europe's second-largest maker of auto parts, stuck with its 2013 forecasts even as the region's auto market declines in the first quarter more than industry executives had anticipated. Photographer: Ralph Orlowski/Bloomberg via Getty Images

Continental AG Annual Results News Conference

Bloomberg

Elmar Degenhart, chief executive officer of Continental AG, poses for a photograph ahead of a news conference to announce earnings in Frankfurt, Germany, on Thursday, March 7, 2013. Continental AG, Europe's second-largest maker of auto parts, stuck with its 2013 forecasts even as the region's auto market declines in the first quarter more than industry executives had anticipated. Photographer: Ralph Orlowski/Bloomberg via Getty Images

Elmar Degenhart, chief executive officer of Continental AG, poses for a photograph ahead of a news conference to announce earnings in Frankfurt, Germany, on Thursday, March 7, 2013. Continental AG, Europe's second-largest maker of auto parts, stuck with its 2013 forecasts even as the region's auto market declines in the first quarter more than industry executives had anticipated. Photographer: Ralph Orlowski/Bloomberg via Getty Images